Brief: Check-Cap Issues An Update To Shareholders

Mbody Ai

21/03/2023 13:11

March 21 (Reuters) - Check Cap Ltd  CHEK.O :
    * CHECK-CAP ISSUES AN UPDATE TO SHAREHOLDERS
    * CHECK CAP- FOLLOWING INTERNAL ASSESSMENT, DETERMINED
EFFICACY
RESULTS DO NOT MEET GOAL IN ORDER TO PROCEED TO POWERED PORTION
OF U.S. PIVOTAL STUDY
    * CHECK CAP LTD - COMPANY PLANS TO CONTINUE CONDUCTING ITS
CALIBRATION STUDIES, ALBEIT AT A SLOWER PACE, TO COLLECT
ADDITIONAL CLINICAL DATA
    * CHECK CAP LTD - COMPANY IS ALSO IMPLEMENTING A COST
REDUCTION
PLAN, IN ORDER TO EXTEND ITS CASH RUNWAY
    * CHECK CAP LTD - INITIATION OF POWERED PORTION OF U.S.
PIVOTAL
STUDY THAT WAS EXPECTED IN MID-2023 IS THEREFORE TEMPORARILY
POSTPONED
    * CHECK CAP LTD -  CO TO CONDUCT ADDITIONAL CLINICAL DATA
ANALYSIS
AND APPROACH FDA TO MAKE AMENDMENTS TO U.S. PIVOTAL STUDY
PROTOCOL

Source text for Eikon:  ID:nPn8Bh502a 
Further company coverage:  CHEK.O 

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